House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $620,000.
The downward trend in home prices in WEST WOOMBYE, 4559 averaged -2.94% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in WEST WOOMBYE.
An average of 1.75 real estate transactions take place per month in WEST WOOMBYE which translates to 21 per annum.
21 properties were sold in WEST WOOMBYE in 2016, making it the 532nd most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $620,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 5.08% | N/A |
| Median 3 years | -8.82% | N/A |
| Median 5 years | 38.08% | N/A |
| 10 years average annual | 6.65% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 65.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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